1508 N Mitchell Street, Cadillac, MI 49601
1508 N Mitchell Street, Cadillac, MI 49601
1508 N Mitchell Street, Cadillac, MI 49601
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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134
$2,340,000
Est. payment /mo
15 Baths
47,945 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 47,945 sqft

Price per Sqft $48

Municipality Haring Twp

MLS Listing ID 26002162

Full Baths 15

Year Built 1980

Annual Tax Amount $34,004

Tax Year 2025

Lot Size 8.940 Acres

Acres 8.94

Lot Dimensions Irregular

Property Sub-Type Retail

Source Michigan Regional Information Center (MichRIC)

Property Description

Joe McNally and RE/MAX Together are pleased to offer The Mitchell Street Mall in Cadillac, MI. This is a 91% leased stable asset, that offers an investor the rare opportunity to acquire a well constructed and maintained multi tenant retail center at almost a 20 percent Cash-on-Cash Return and a current 8+ cap rate, with tremendous upward opportunity through the one vacant unit, an anchor store sized 25,000 square feet unit ready for investors or delevopers to step into as a turn-key major store space, complete with commercial loading docks, inventory space, and storage areas (previously JC Penny). This incredible location is set in the heart of one of Cadillac's most highly traffic corridors. Annual gross incomes exceed $270,000, with enormous upward potential. Most units have been recently renovated and built out, and have long term leases in place with stable businesses in place. This is a hard-to-find investment opportunity, call today for more information.

Location

State MI

County Wexford

Area Paul Bunyan - P

Direction From Big Rapids, North on 131 to Cadillac, Near Cadillac's busy North end. Corner of Mitchell St. and Bell Ave.

Interior

Interior Features Broadband

Heating Forced Air

Cooling Central Air

Inclusions Real Estate

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected

View Y/N No

Street Surface Paved

Total Parking Spaces 200

Building

Structure Type Brick

New Construction No

Schools

School District Cadillac

Others

Tax ID 2209-28-4202

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

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Listed by RE/MAX TOGETHER

Nearby School & Business

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Nick Schweihofer

Nick Schweihofer

+1(616) 200-4134

Team Leader, Broker License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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